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Lana

๐Ÿ‘ค Speaker
2056 total appearances
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The Finimize Daily Brief
Stocks Bounced As The US Backed Off On Iran, And Berkshire's First Big Buy Under Its New CEO Has A Very Buffett Feel To It

Berkshire can up its stake to 9.9% without needing further approval from Tokyo's board.

The Finimize Daily Brief
Stocks Bounced As The US Backed Off On Iran, And Berkshire's First Big Buy Under Its New CEO Has A Very Buffett Feel To It

That's it for today.

The Finimize Daily Brief
Stocks Bounced As The US Backed Off On Iran, And Berkshire's First Big Buy Under Its New CEO Has A Very Buffett Feel To It

I'm Lana.

The Finimize Daily Brief
Stocks Bounced As The US Backed Off On Iran, And Berkshire's First Big Buy Under Its New CEO Has A Very Buffett Feel To It

I'll see you tomorrow.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Hey, I'm Lana with your Daily Brief for Saturday, March 21st.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Coming up, food prices are starting to rise as the Middle East conflict chokes fertilizer supply.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

And OpenAI is designing a desktop super app with hopes of muscling out Anthropic.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

We'll also check in with Carl to get his answers to your burning questions.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

More on the way, but first, a word from Guy at Finimize HQ.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Food prices are beginning to climb as hostilities in the Middle East send shockwaves through global supply chains and increasingly into the cost of fertilizer.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Food production is more than just planting seeds and watching crops grow.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Every meal is the product of a global web of input, energy, and logistics.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

And right now, conflict in the Middle East is exposing just how fragile that web is.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

The Gulf region is a major producer of urea, a key nitrogen fertilizer that's needed to grow food at scale, made in chemical plants from natural gas.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

And the Strait of Hormuz is the area's main shipping channel, so any disruption there keeps all-important urea from reaching global buyers.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

It makes sense, then, that urea's price has leapt about 30% in the past month.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Unsurprisingly, that's stoked fears of a more sustained food production cost increase and sent prices climbing.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Case in point, the cost of corn, a cornerstone U.S.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

crop used in everything from livestock feed to biofuels, has shot up 10% over the past month.

The Finimize Daily Brief
The Middle East Conflict Is Driving Food Costs Higher, And OpenAI Is Developing A Desktop Super-app

Higher food prices tend to hit emerging economies the hardest, as food there makes up a bigger share of household spending.